Category Archives: News

Sales of newly-built condos in the Greater Toronto Area totalled 2,003 in May, accounting for the bulk of the 2,345 total new home sales. While condo sales were 47% below May 2017’s record high, they were just 1% behind the 10-year average for May. “May new condominium apartment sales were very encouraging,” noted Patricia Arsenault, Altus Group’s Executive Vice-President, Research Consulting Services. “Not only …

The dream of owning a home is still very much alive among Canadian millennials, but when it comes to saving for it they are lagging. A new poll of 18-37 year-olds by CIBC has found that 46% intend to buy a home in the next five years but 76% have yet to start saving or have saved less than a quarter of their down …

Toronto area home sales rebounded by 12 per cent from September to October, pointing to a stronger fall market after a policy-driven pullback from a frenzied market that peaked earlier this year. The Toronto Real Estate Board said Thursday that 7,118 homes were sold in October, up from the month before but down 27 per cent from the same month last year. “Every year …

The rush to become a tech hub raises questions about Toronto’s independence and just who will control the city’s valuable Port Lands. Sidewalk Toronto is a joint effort by Waterfront Toronto and Alphabet’s Sidewalk Labs to create a new kind of mixed-use, complete community on Toronto’s Eastern Waterfront, beginning with the creation of Quayside, a 12-acre former industrial site at Queens Quay E. and …

Canada continues to experience strong GDP growth, with the latest monthly data from May 2017 showing that the economy grew by 0.6% month-over-month, or 4.6% year-over-year. This growth was consistent across 14 of the 20 sectors tracked. For good measure, the recently released IMF report on global economic growth indicates that Canada will lead all other G7 countries in GDP in 2017, with growth …